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State regulator warns federal rule, expiring tax credits could shrink Get Covered New Jersey enrollment
Summary
Commissioner Justin Zimmerman told the Senate Budget and Appropriations Committee that a proposed Centers for Medicare and Medicaid Services rule and the possible end of enhanced federal premium tax credits threaten New Jersey’s state-based health insurance marketplace, Get Covered New Jersey, and its recent enrollment gains.
Commissioner Justin Zimmerman, head of the New Jersey Department of Banking and Insurance, told the Senate Budget and Appropriations Committee on May 1 that federal policy changes could sharply reduce enrollment and affordability on the state’s health insurance exchange, Get Covered New Jersey.
Zimmerman said the department’s operational budget for fiscal year 2026 is $65,300,000 and stressed the marketplace’s recent growth: “Get Covered New Jersey's enrollment has grown exponentially since it launched in November of 2020. During the most recent open enrollment period, over half a million New Jerseyans signed up for health coverage, marking another record breaking year of historic enrollment.”
The nut of Zimmerman’s testimony was a twofold risk to that progress. First, he warned that enhanced premium tax credits made permanent…
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